1405 7TH AVE N Active Save Request In-Person Tour Request Virtual Tour
Saint Petersburg,FL 33705
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $591
Subdivision Bon Air
MLS Listing ID U8245876
Bedrooms 4
Full Baths 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1928
Annual Tax Amount $4,959
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 38x53
Property Description
Charming 4-Unit Multi-Family Property in Uptown St. Pete Producing $6,082 monthly. Step into a prime investment opportunity with this meticulously renovated 2-story multi-family property in the sought-after Uptown neighborhood of St. Petersburg. This charming building blends historic elegance with modern amenities. Fully leased and generating $6,082 monthly, it promises consistent cash flow and long-term appreciation potential. This property offers an excellent ROI with potential for rent increases. As a turnkey investment, all four units are fully renovated with modern finishes, ensuring minimal immediate capital expenditure. Each unit has its own electric meter, simplifying management and making utility costs predictable. Located just minutes from Downtown St. Pete’s vibrant dining, shopping, and entertainment, the neighborhood boasts high rental demand, ensuring low vacancy rates and stable income. Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with 9 months remaining on the lease. Unit 2, on the second floor, is a studio with a separate kitchen and private bathroom, currently renting for $1,507 per month, with an expected renewal at $1,600 per month. Unit 3, also on the second floor, is a studio with a private bathroom, renting for $1,600 per month with 8 months remaining. Unit 4 is a ground-floor studio with a full kitchen and private bathroom, renting for $1,275 per month, also with 8 months remaining. With individual electric meters and modern amenities, property management is streamlined. St. Pete’s growing real estate market promises value appreciation, making this property an attractive long-term investment. Financially, the property an annual gross income of $72,984. With anticipated rent adjustments, the annual income can increase further, enhancing the investment’s profitability. All financial details and lease information provided are accurate as of the listing date. Prospective buyers are encouraged to verify all details and conduct thorough due diligence. Seize this lucrative investment opportunity today and secure your stake in St. Pete’s thriving real estate market!!!
Location
State FL
County Pinellas
Community Bon Air
Direction N
Interior
Interior Features Ceiling Fans(s),Open Floorplan
Heating Electric
Cooling Central Air,Wall/Window Unit(s)
Flooring Luxury Vinyl
Fireplace false
Appliance Electric Water Heater,Microwave,Range,Range Hood,Refrigerator
Laundry Common Area,Electric Dryer Hookup,Outside,Washer Hookup
Exterior
Exterior Feature Awning(s),Balcony,Dog Run,Lighting,Private Mailbox,Sidewalk
Utilities Available Cable Available,Electricity Connected,Phone Available,Sewer Connected,Street Lights,Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Story 2
Entry Level Multi/Split
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None